HERO MOTO CORP A retracement rally.
Currently in a downtrend, retraced and may continue to drop.
The nearest support is 2860, on the upside resistance is around 3000
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Updated on : 27-Oct-2020 12.00pm
Disclaimer: Only for learning purposes.
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Hero moto corp followed the Elliott wave patter of 5 waves till now.
Now by Following correction wave extension we are bearish in hero moto corp.
we short Hero moto at 2920 with stop loss 3030 at max
chart is showing the potential targets.
Let's see.
Thanks.
HEROMOTOCORP has made various lower highs & lower lows. It might break the previous low to make another low.
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Note: This analysis is for educational purpose only. We are not responsible for any loss if occured.
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
HEROMOTOCO SUPPORT
Next support around 2908-2850 for today
...
If you like, just hit thumbsup button
or comment and share.
.
Updated on : 26-Oct-2020 12.29noon, only for today.
Disclaimer: Only for learning purpose.
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
Any of my investment or trades I share on my view are provided for educational purposes only and do not constitute specific financial, trading or investment advice. ... You must be aware of the risks and be willing to accept them in order to trade or invest in markets. Don't trade with money you can't afford to lose.
HEROMOTO has formed a higher high with rsi didnt make a new high or test the previous high
a break above or below the triangle can result is a trending move
